The U.S. Navy selected Lockheed Martin’s COMBATSS-21 as the combat management system for the Navy’s frigate ship program. COMBATSS-21 is the combat management system in operation on the Freedom variant Littoral Combat Ship (LCS). The five-year contract, which is worth up to $79.5 million, covers fiscal years...

Berry Plastics Group, Inc. (“Berry”) and AEP Industries Inc. (“AEP”) have entered into a definitive merger agreement under which Berry will acquire all of the outstanding shares of AEP in a cash and stock transaction. Aggregate consideration will be $765 million, including AEP’s net debt. Each AEP shareholder will elect to...

M+W Group of Springfield, NJ is proud to announce the appointment of Jim Brown as president of M+W Energy, Inc. Brown will chart the expansion of services for M+W Energy to Fortune 1000 companies, utilities, developers, and government agencies to build photovoltaic solar and energy storage systems.
Jim Brown comes to M+W Energy with...

The New Jersey Board of Public Utilities (board) today continued its oversight of the Electric Distribution Companies’ (EDC) planning, preparedness and responses to major storms by accepting an independent consultant’s report on Jersey Central Power & Light (JCP&L) finances and operations in relation to planning for and...

Syncsort, a global leader in Big Data and mainframe software, today announced that it has completed the acquisition of Cogito Ltd., maker of specialized software that can access IBM z Systems mainframe data, significantly improve the performance of IBM DB2® and CA IDMS™ database management systems on IBM z/OS, and lower mainframe...

Governor Christie today visited the Randolph, New Jersey Motor Vehicle Commission (MVC) agency to announce additional initiatives aimed at reducing MVC wait times and customer costs. These new proposals and improvements to existing programs will cut transaction times and make it easier for drivers to access services.
“Providing...

DeVry University announced the appointment of Steven Nelson as president of the North Brunswick campus in New Jersey, with oversight and responsibility for the Cherry Hill and Paramus centers. Nelson will be responsible for providing strategic leadership and support to students, faculty and staff at the university’s New Jersey...

Passenger traffic at the nation’s busiest airport system grew at a strong 6.3-percent rate over the first six months of 2016, with a record-setting 62.4 million travelers using Port Authority’s airports during that period.
The airports demonstrated robust growth in both the domestic and international sectors, with domestic...

The collaboration between Berkeley College and the Guizhou University of Finance and Economics (GUFE) in China continued this summer, expanding into the area of faculty instruction. Berkeley College faculty have been instructing faculty from China on American teaching and learning methods. In the fall, several Berkeley College faculty...

Reflected by the completion of several substantial headquarters transactions during the second quarter, New Jersey is witnessing the revival of its traditional suburban office markets, according to CBRE Group, Inc.’s Q2 2016 New Jersey Office MarketView Report.
During Q2 2016, unlike previous quarters, New Jersey’s suburban...

The South Jersey Economic Review, a biannual report released today in conjunction with the William J. Hughes Center for Public Policy at Stockton University, reports that total employment in the Atlantic City metropolitan area is declining with additional job losses coming this fall with the closure of the fifth Atlantic City casino, the...

It was an easy choice for the Investors Bank Foundation to provide Choose New Jersey, Inc., with a $25,000 grant earlier this summer. Choose New Jersey, which was founded in 2010, encourages and nurtures economic growth throughout New Jersey, especially focusing on urban centers.
“Choose New Jersey and its supporters share a common...

The Berger Organization, Newark, has added 560 Broad Street to its Newark office portfolio. The firm acquired the 33,000-square-foot, four-story building from Aetna Realty this summer; currently vacant, it is being marketed to full-building users.
Located between Lombardy and Fulton Streets, 560 Broad Street sits in the heart of...

To help enhance service reliability for customers, Jersey Central Power & Light (JCP&L) is continuing construction work this summer and throughout the remainder of 2016 on distribution and transmission infrastructure projects totaling approximately $387 million in its northern and central New Jersey service areas.
To date,...